External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Thematic (Sector/Industry)

Pakistan Banks / Thematic (Sector/Industry)

<ul><li>Many banks in Pakistan are now racing to meet the Gross Advances to Deposit Ratio (ADR) of 50% by Dec-2024 to avoid additional tax.</li><li>To recall, the government has imposed an additional tax on banks if they fail to meet a 50% ADR threshold by Dec-2024. As of Jun 2024, banking sector average ADR stands at 38.6%.</li><li>If banks are unable to reach the 50% ADR mark at the end of Dec-2024, they will incur an additional 10% tax if the ADR is between 40-50%, and a 16% additional tax if the ADR falls below 40%.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Many banks in Pakistan are now racing to meet the Gross Advances to Deposit Ratio (ADR) of 50% by Dec-2024 to avoid additional tax.To recall, the government has imposed an additional tax on banks if they fail to meet a 50% ADR threshold by Dec-2024. As of Jun 2024, banking sector average ADR stands at 38.6%.If banks are unable to reach the 50% ADR mark at the end of Dec-2024, they will incur an additional 10% tax if the ADR is between 40-50%, and a 16% additional tax if the ADR falls below 40%.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pakistan Banks: Aggressive lending at lower rate to avoid tax; Bank-wise Sensitivity and its Impact